vegster
Sanity Clause
- May 5, 2008
- 28,272
According to companies house he has 75% or more shares of Virgin UK Holdings Ltd. Virgin UK Holdings Ltd has significant control over Classboss Ltd which in turn has significant control over Virgin Holdings. It's probably hard to say given the structures set up.
Years back, Private Eye took quite an interest in Branson's Virgin Group, they found that many of the businesses were either running at a loss or not performing that well. There was a complicated series of movements of loans and transfers between the profitable sectors and those struggling. At that time he was suggesting that all his companies were a success and I think his ego would not allow one to fail.